Identity thieves are widening their email scams in the latest attempt to steal personal and financial information. The Internal Revenue Service, state tax agencies and tax professionals have issued an urgent alert that the scammers are now targeting school districts, businesses (such as chain restaurants), tribal organizations and nonprofits.…
Read more about Scammers Expanding Their W-2 Phishing Effort
The good news is the GAO found taxpayers calling the IRS received better service during the 2016 filing season. However, the study also determined that during the regular 2016 calendar year, information that could help alert taxpayers they were victims of identity theft was hard to obtain, either from www.irs.gov or through IRS customer service.…
Read more about GAO Cites IRS Shortcomings on Identity Theft
The Internal Revenue Service yesterday released a list of five common tax season myths, as well as links to YouTube videos that explain when refunds will arrive, claiming the EITC or ACTC, and more. Newswire release IR-2017-16 aims to reduce misinformation.…
Read more about Refund Myths: Sorting Truth from Fiction During Tax Season
The Earned Income Tax Credit is fairly well-known to be aimed at workers who don’t earn a lot of money in their jobs and who may be supporting a family. This year the EITC salary ceiling is $53,505,…
Read more about Special EITC Rules May Help Taxpayers with Disabilities
An email scam is making the rounds for a second time, attempting to trick company payroll or human resource departments into sending employee information that can be used to file bogus tax returns.The…
Read more about Crooks Unleash Spoofing Campaign for Second Time
The Internal Revenue Service is sending a reminder to some tax preparers, reminding them that the Earned Income Tax Credit claimed in one of their returns was missing needed due diligence.…
As you know, tax preparation these days is all about the data. There’s your data – e-Services logins, tax software and business data; and there’s client data – the bits and pieces we put together to make a successful income tax return.…
Taxpayers who have a state income tax refund coming will have to be more patient than in previous years. A number of states have put delays into their refund processes to give them more time to validate return information.…
Filing season starts in three days, and that means tax professionals around the country are collectively taking a deep breath before the plunge. While the future of the Affordable Care Act (ACA) remains uncertain, it – as of today – still affects tax preparation. So we’ve put together a few last-minute ACA updates to give you a head start.…
Over the past months, we’ve shared a lot of information with you about how best to defend your office from a data breach or some other security incident. But what happens if the unthinkable happens. You know – someone gains access to your personal, professional or client data; someone who stole it. Then what?…
